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"Wagers"
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Perspectives on gambling : lotteries, wagers, and casinos
\"This book consists of several carefully crafted essays on the subject of gambling. The first two essays relate the latest trends on technology and communications to the development of actual gambling practice. And so the first essay documents the impact of simulcast racing on wagering dollars--the impact simulcast bettering has raised the total amounts wagered from .25 billion dollars in 1985 to 15.62 billion dollars in 2002. Bettors find great interest in this developing technology. The next essay untangles the logic of the \"double-auction gambling market\" by explaining how the experimental work at George Mason University has and is altering the role of the bookmaker who now functions as a mere broker coordinating contracts between bettors. This development is especially obvious in Britain where online gambling is legal. As for the burgeoning state lotteries especially in the United States, we offer three insightful essays. The first recalls the hidden costs that these entertainments often imposed on the community. Indeed, the second essay offers empirical evidence that the persons \"most likely\" to play the lottery are not only the poor but those poor who are close to getting over the \"poverty line.\" Somehow the lottery symbolizes a one-way ticket out of poverty making this a \"desperation ticket\" more than an entertainment ticket. Our last two papers should be taken together. The first of this group reminds of the great difficulties and arbitrary assumptions when trying to measure the costs and benefits of the development of Casino gambling. In the last essay, the main and most economically relevant approach would be to find out if there were any empirical connections betweens the growth.\"--Publisher's website.
Book
Pascal’s Wager and Its Postmodern Counterpart
Pascal’s Wager is probably the most analysed apologetic argument in the history of apologetics. What has often been the case, however, is that this piece of Pascal’s Pensées has often been misinterpreted and taken out of the Pascal’s total apologetic work. For that reason, the Wager has been misappropriated and has undergone a battery of misplaced criticism. Taken in its proper context, the Wager is a beautiful vindication of the Christian faith, cleverly constructed to make the sceptic re-think his position and contemplate the importance of the Christian faith. Much confusion exists about the placement of this particular Pensées, and where it is situated in his overall apology (Pensées 418) lends itself to the challenge of what has become “the Many Gods Objection.” For that reason, I would suggest that Pascal’s Wager belongs at the very beginning of his Pensées, where the rest of the Pensées are an explanation for the reason Christianity is the most attractive belief. Postmodern philosophers have re-appropriated the Wager and made it fit their own philosophical and theological presuppositions playing in the hands of the “Many-Gods-Objection.” This paper describes the beauty of Pascal’s Wager in its proper context and expresses the erroneous postmodern appropriation of the Wager.
Journal Article
The Gameshouse
\"Everyone has heard of the Gameshouse. But few know all its secrets... It is the place where fortunes can be made and lost through chess, backgammon--every game under the sun. But those whom fortune favors may be invited to compete in the higher league, where the games played are of politics and nations, of economics and kings. It is a contest where capture the castle involves real castles and where hide-and seek takes place on the scale of a continent. Among those worthy of competing in the higher league, three unusually talented contestants play for the highest stakes of all---\"-- Provided by publisher.
BOOK
Easier comparison of bets in evaluation does not reduce classical preference reversals: Evidence against a context-dependent explanation
In preference reversals, subjects express different rankings over a set of alternatives depending on how preferences are elicited. In classical reversal tasks, for instance, subjects often select a safe bet over a risky one when given a choice between the two in a pair, but then assign a higher monetary evaluation to the risky bet. Motivated by a rich literature on context-dependent preferences, we conjecture that comparisons across bets in a pair can influence both Choice and Evaluation. Yet deciders are less likely to mentally compare the bets in the latter case, as bets are typically evaluated in isolation. This asymmetry between Choice and Evaluation is, we surmise, one cause of the reversals. If we further assume that memory decay affects mental comparisons in Evaluation, the account predicts order and timing effects on the reversal probability. We run several treatments designed to facilitate or hinder the retrieval from memory of the alternative bet during evaluation of a bet. However, the reversal rate does not vary across treatments in the predicted direction, and we find no systematic order or timing effects. We conclude that reversals are not influenced by the ease with which subjects recall the alternative bet during the evaluations, which suggests in turn that a relatively smaller frequency of comparisons across bets during the (typically isolated) evaluations is not a significant cause of reversals.
Journal Article
Kick start
\"In this high-interest novel for young readers, Mitch has to win an upcoming race in order to keep his new dirt bike.\"-- Provided by publisher.
Book
Vicious Games
Gambling is everywhere, on our TVs and phones, on billboards on our streets, and emblazoned across the chests of idolised sports stars. Why has gambling suddenly expanded? How was it transformed from a criminal activity to a respectable business run by multinational corporations listed on international stock markets? And who are the winners and losers created by this transformation? Vicious Games is based on field research with the people who produce, shape and consume gambling. Rebecca Cassidy explores the gambling industry's affinity with capitalism and the free market and how the UK has led the way in exporting 'light touch' regulation and 'responsible gambling' around the world. She reveals how the industry extracts wealth from some of our poorest communities, and examines the adverse health effects on those battling gambling addiction. The gambling industry has become increasingly profitable and influential, emboldened by thirty years of supportive government policies and boosted by unnatural profits. Through an anthropological excavation, Vicious Games opens up this process, with the intention of creating alternative, more equitable futures.
eBook
Monica and the unbeatable bet
Monica is already nervous about riding in her first horse show, and when she finds out that Rory is betting on her performance it only increases the pressure she feels.
Book
Zakład Pascala (przeł. Marcin Iwanicki i Anna Maria Karczewska)
The Author examines the classical reasoning called “Pascal’s wager” in the framework of decision theory. He distinguishes in Pascal’s original text three separate arguments: (i) the argument from superdominance, (ii) the argument from expectation, and (iii) the argument from generalized expectations. The paper addresses the third argument, discusses objections raised against it and finally investigates the true meaning of its conclusion.
Journal Article